Treasury to Offer Cash Managements

AUTHOR(S)

Newman, Emily

PUB. DATE

May 2004

SOURCE

Bond Buyer;5/26/2004, Vol. 348 Issue 31892, p2

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

Reports that the United States Treasury Department plans to auction $5 billion of 13-day cash management bills on May 27, 2004. Closing time for receipt of non-competitive tenders at noon EDT and 1 p.m. EDT.

Reports that the United States Treasury Department has auctioned $21 billion of four-week bills at a 0.910 percent high yield, a price of 99.929. Coupon equivalent at 0.926 percent; Bid-to-cover ratio at 2.50; Tenders at the high rate allotted at 48.69 percent.

Reports on the auction of $7 billion of 4-year and 6-months notes by the U.S. Department of the Treasury. Bid-to-cover ratio of the transaction; Value of tenders at the high yield; Total value of tenders.